Lake of the Woods, Arizona is a small town located in Coconino County. It has an estimated population of 859 people and is considered a rural community. The median income level for the area is $50,417 and the median rent price for a two bedroom apartment is $1,060 per month, which is significantly lower than the national average of $1,430 per month. The cost of living index for Lake of the Woods is 96 versus 100 in the US; meaning groceries are 4% lower than the national average.
For entertainment and leisure activities locals can visit various shops and restaurants such as Wildflower Marketplace and Grill or Babbitt Ford Rental & Sales LLC. There are also several arts and culture venues such as Flagstaff Symphony Orchestra or The Museum Club located nearby. With its picturesque landscape, abundant wildlife, and low cost of living Lake of the Woods serves as an ideal destination for travelers looking to escape big city life.
Lake of the Woods (zip 85929) has an unemployment rate of 8.7%. The US average is 6.0%.
Lake of the Woods (zip 85929) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Lake of the Woods (zip 85929)
- The Sales Tax Rate for Lake of the Woods (zip 85929) is 6.1%. The US average is 7.3%.
- The Income Tax Rate for Lake of the Woods (zip 85929) is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake of the Woods (zip 85929)
- The average income of a Lake of the Woods (zip 85929) resident is $24,278 a year. The US average is $28,555 a year.
- The Median household income of a Lake of the Woods (zip 85929) resident is $49,600 a year. The US average is $69,021 a year.